Brief: Aviat Networks Announces Intent To Acquire Redline Communications
13/04/2022 22:03
April 13 (Reuters) - Redline Communications Group Inc
RDL.TO :
* AVIAT NETWORKS ANNOUNCES INTENT TO ACQUIRE REDLINE
COMMUNICATIONS
* REDLINE COMMUNICATIONS GROUP INC - AVIAT WILL ACQUIRE ALL
OUTSTANDING SHARES OF REDLINE FOR CAD$0.90 PER COMMON SHARE, IN
AN ALL-CASH TRANSACTION
* REDLINE COMMUNICATIONS GROUP INC - AVIAT INTENDS TO FUND
ACQUISITION WITH CASH FROM BALANCE SHEET
* REDLINE COMMUNICATIONS GROUP INC - AVIAT AND REDLINE WILL
RUN
INDEPENDENTLY UNTIL CLOSING OF TRANSACTION
* REDLINE COMMUNICATIONS GROUP INC - TRANSACTION VALUED AT
APPROXIMATELY CAD $16.2 MILLION
Source text for Eikon: ID:nCNW3wl3na
Further company coverage: RDL.TO
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